Civic Intelligence

Mp Mezes Inc.

990 • Fiscal year 2023 • EIN 94-3234317

Jan 01, 2023 to Dec 31, 2023 • Filed on Oct 22, 2024

Organization ProfileWWW.MIDPEN-HOUSING.ORG
303 Vintage Park Drive 250Foster City, CA 94404

(650) 356-2900

Siviq Scores

Precomputed percentiles for this filing year versus similar nonprofits in the same peer cohort.

Liabilities / Assets

99th percentile

17.48x

Higher debt load relative to assets than 99% of similar nonprofits.

2023 filings • 501(c)3 • <$500k nonprofits • Source year 2023

Liabilities / Revenue

100th percentile

33.05x

Higher debt load relative to revenue than 100% of similar nonprofits.

2023 filings • 501(c)3 • <$500k nonprofits • Source year 2023

Net Margin

71st percentile

18%

Higher net margin than 71% of similar nonprofits.

2023 filings • 501(c)3 • <$500k nonprofits • Source year 2023

Top Officer Pay

100th percentile

$692,605

Higher top officer pay than 100% of similar nonprofits.

Top officer pay equals 381.8% of source-year revenue.

2023 filings • 501(c)3 • <$500k nonprofits • Source year 2023

Asset Growth

72nd percentile

18%

Faster asset growth than 72% of similar nonprofits.

2023 filings • 501(c)3 • <$500k nonprofits • Annualized from 2022 to 2023

Revenue Growth

24th percentile

-22%

Faster revenue growth than 24% of similar nonprofits.

2023 filings • 501(c)3 • <$500k nonprofits • Annualized from 2022 to 2023

Balance Sheet
Liabilities / Assets99th percentile

Assets

Flat

$343,050

Flat from 2023

Net Assets

Flat

-$5,653,491

Flat from 2023

Liabilities

Flat

$5,996,541

Flat from 2023

Revenue And Expenses
Liabilities / Revenue100th percentileNet Margin71st percentile

Revenue

Flat

$181,422

Flat from 2023

Expenses

Flat

$149,059

Flat from 2023

Net Income

Flat

$32,363

Flat from 2023

Historical Trend

Balance Sheet Trend

Asset Growth72nd percentile

The highlighted filing sits inside the broader history for assets, liabilities, and net assets.

$10M$5.0M$0-$5.0M-$10MAssets 2010: $989,746Liabilities 2010: $261,337Net Assets 2010: $728,4092010Assets 2011: $984,275Liabilities 2011: $148,537Net Assets 2011: $835,7382011Assets 2012: $1,141,139Liabilities 2012: $193,899Net Assets 2012: $947,2402012Assets 2013: $964,371Liabilities 2013: $2,600Net Assets 2013: $961,7712013Assets 2014: $1,000,678Liabilities 2014: $2,750Net Assets 2014: $997,9282014Assets 2015: $980,267Liabilities 2015: $2,750Net Assets 2015: $977,5172015Assets 2016: $1,009,905Liabilities 2016: $2,017,300Net Assets 2016: -$1,007,3952016Assets 2017: $1,197,742Liabilities 2017: $2,017,149Net Assets 2017: -$819,4072017Assets 2018: $989,039Liabilities 2018: $2,016,327Net Assets 2018: -$1,027,2882018Assets 2019: $1,419,280Liabilities 2019: $1,500Net Assets 2019: $1,417,7802019Assets 2020: $329,279Liabilities 2020: $5,049,422Net Assets 2020: -$4,720,1432020Assets 2021: $401,690Liabilities 2021: $5,760,131Net Assets 2021: -$5,358,4412021Assets 2022: $290,399Liabilities 2022: $5,976,253Net Assets 2022: -$5,685,8542022Assets 2023: $343,050Liabilities 2023: $5,996,541Net Assets 2023: -$5,653,4912023Assets 2023: $343,050Liabilities 2023: $5,996,541Net Assets 2023: -$5,653,4912023Assets 2024: $391,077Liabilities 2024: $5,914,045Net Assets 2024: -$5,522,9682024

Highlighted filing

2023

Assets$343,050
Liabilities$5,996,541
Net Assets-$5,653,491
Open 2023 Filing

Operations Trend

Revenue Growth24th percentile

Revenue, expenses, and net income across loaded years, with this filing highlighted.

$10M$5.0M$0-$5.0M-$10MExpenses 2010: $1,1672010Revenue 2011: $111,076Expenses 2011: $3,747Net Income 2011: $107,3292011Expenses 2012: $1,6072012Revenue 2013: $95,699Expenses 2013: $81,168Net Income 2013: $14,5312013Revenue 2014: $108,642Expenses 2014: $72,485Net Income 2014: $36,1572014Revenue 2015: $112,049Expenses 2015: $132,460Net Income 2015: -$20,4112015Revenue 2016: $152,138Expenses 2016: $2,137,050Net Income 2016: -$1,984,9122016Revenue 2017: $332,548Expenses 2017: $144,560Net Income 2017: $187,9882017Revenue 2018: $111,711Expenses 2018: $319,592Net Income 2018: -$207,8812018Revenue 2019: $2,569,704Expenses 2019: $124,636Net Income 2019: $2,445,0682019Revenue 2020: $280,774Expenses 2020: $6,418,697Net Income 2020: -$6,137,9232020Revenue 2021: $341,405Expenses 2021: $979,703Net Income 2021: -$638,2982021Revenue 2022: $231,347Expenses 2022: $558,760Net Income 2022: -$327,4132022Revenue 2023: $181,422Expenses 2023: $149,059Net Income 2023: $32,3632023Revenue 2023: $181,422Expenses 2023: $149,059Net Income 2023: $32,3632023Revenue 2024: $295,984Expenses 2024: $165,461Net Income 2024: $130,5232024

Highlighted filing

2023

Revenue$181,422
Expenses$149,059
Net Income$32,363
Open 2023 Filing
Jump To
Filing Snapshot
Filing Period
Jan 1, 2023 to Dec 31, 2023
Signed
Oct 22, 2024
Return Version
2023v5.1
Gross Receipts
$181,422
Mission and Program Overview

Mission

In conjunction with related organizations, mp mezes inc's mission is to provide safe, affordable housing of high quality to those in need; to establish stability and opportunity in the lives of residents; and to foster diverse communities that allow people from all ethnic, social and economic backgrounds to live in dignity, harmony and mutual respect.

In conjuction with related organizations, mp mezes inc's mission is to provide safe, affordable housing of high quality to those in need; to establish stability and opportunity in the lives of residents; and to foster diverse communities that allow people from all ethnic, social and economic backgrounds to live in dignity, harmony and mutual respect.

Balance Sheet Detail
LineBeginningEndChange
Assets
Accounts Receivable$231,347$242,212▲ $10,865
Cash and Non-Interest-Bearing Accounts$9,977$51,852▲ $41,875
Investments Program Related$48,075$47,986▼ $89
Total Assets$290,399$343,050▲ $52,651
Other Assets Total$1,000$1,000→ $0
Liabilities
Other Liabilities$5,976,253$5,994,736▲ $18,483
Accounts Payable and Accrued Expenses$0$1,805▲ $1,805
Total Liabilities$5,976,253$5,996,541▲ $20,288
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$-5,685,854$-5,653,491▲ $32,363
Total Net Assets Fund Balance$-5,685,854$-5,653,491▲ $32,363
Total Liabilities and Net Assets / Fund Balance$290,399$343,050▲ $52,651

Asset Categories

AssetBook ValueDepreciationBasis
Investment Program Related Org$47,986--
Compensation and Service Providers
Top Officer Pay100th percentile

Employees

NameTitleOtherTotal
Lance SmithVP/corporate Counsel & Broker/asst. Secretary$355,061$355,061

Board Members and Trustees

NameTitle
Eric HarrisonChairperson
Matthew O FranklinCEO/president/asst. Secretary
Jessica Garcia-kohlVice Chairperson
Beth BartlettDirector
Chan U LeeDirector
Elisa De Laet JagersonDirector
Fay Sien GoonDirector
Jennifer HicksDirector
Jennifer MartinezDirector
Renee McdonnellDirector
Rob HollisterDirector
Terry FreemanDirector
Kasey ArcheryAssistant Secretary
Michael J VerguraCFO/assistant Secretary
Janine LindCOO/assistant Secretary
Shwetha SubramanianCredo/assistant Secretary
Gina DiazSecretary
Enrique TorresTreasurer
Lance SmithVP/corporate Counsel & Broker/asst.
Revenue and Support

Revenue Composition

Contributions and Grants
$0
Program Service Revenue
$180,417
Investment Income
$1,005
Other Revenue
$0
Change in Net Assets
$32,363
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Grants and Similar Amounts Paid$130,000
Other Expenses$19,059
Professional Fundraising Fees$0
Salaries, Compensation, and Employee Benefits$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Grants to Domestic Orgs$130,000--$130,000
Fees for Services Accounting-$1,805-$1,805
Other Expenses$75--$75
Total Functional Expenses$147,254$1,805$0$149,059
International Activity

Grant and Assistance Recipients

RecipientLocationCategoryPurposeAmount
Midpen Housing CorporationFoster City, CA501(c)(3)To Support the Affiliate in Providing Affordable Housing.$130,000
Fundraising, Events, and Gaming
Fundraising activities
No
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Professional Fundraising Fees$0
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
No
Subject to proxy tax
No
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Investment in Mp Latham Associates - Deficit Balance$5,994,736
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Audit committee
Yes
Business relationship with 35% controlled entity
No
Business relationship with family members
No
Business relationship with organization members
No
Material changes to governing documents
No
Compensation from other sources disclosed
No
CEO compensation reviewed
Yes
Other officer compensation reviewed
Yes
Conflict-of-interest policy
Yes
Audited financial statements prepared
Yes
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

Form 990, Part VI, Section B, Line 11B

“The tax accounting manager completes the 990 questionnaire and accumulates all supporting documentation. The questionnaire is sent to the tax professionals for their preparation of the tax returns. The draft 990 tax return goes through the review of midpen management. Upon the chief financial officer's approval, the tax return is filed with the internal revenue service.”

Form 990, Part VI, Section B, Line 12C

“A conflict of interest disclosure questionnaire is submitted annually to the board of directors and key employees, who complete and return the forms disclosing any conditions of potential or actual conflict of interest. The disclosures are reviewed by the corporate counsel and the cfo. A summary of the disclosures is presented to the governance committee, which assesses if any conflict of interest actually exists. Any conditions which warrant elevation to the board of directors is done so on a case-by-case basis. As of the reporting date, there has been no reportable condition of conflict of interest.”

Form 990, Part VI, Section B, Line 15

“Data from an external compensation survey is reviewed and discussed with the bod.”

Form 990, Part VI, Section C, Line 19

“The documents are available for public upon request.”

Filing and Contact Details

Filer

Filer Name
Mp Mezes Inc
EIN
94-3234317
Phone
6503562900
Address
303 VINTAGE PARK DRIVE 250, FOSTER CITY, CA 94404

Signing Officer

Name
Michael J Vergura
Title
CFO/assistant Secretary
Phone
6503562900
Signed
2024-10-22
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Matthew O Franklin
Formed
1996
Legal Domicile
CA
Voting Board Members
13
Independent Board Members
13
Employees
0
Volunteers
0

Preparer

Firm
Novogradac & Company Llp
Address
1435 N MCDOWELL BLVD SUITE 350, PETALUMA, CA 94954
Preparer
Lance Smith
Phone
4152236130
Supplemental Narrative

Additional Explanations

Form 990, Part XII, Line 2C

“The process of overseeing the audit and selecting an independent accountant has not changed from the prior year.”

Financial Statement Notes

PART X, LINE 2:

“The corporation believes that it has appropriate support for any tax positions taken, and as such, does not have any uncertain tax positions that are material to the combined financial statements of midpen housing corporation and affiliates. The federal and state income tax returns for the years 2019 through 2022 are subject to examination by regulatory agencies, generally for three years and four years after they were filed for federal and state, respectively.”

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This appendix keeps the raw XML leaves available for debugging and edge-case review. The human report above is the primary experience.

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IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt17338022
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt18309436
IRS990/Form990PartVIISectionAGrp/TitleTxt0CHAIRPERSON
IRS990/Form990PartVIISectionAGrp/TitleTxt1SECRETARY
IRS990/Form990PartVIISectionAGrp/TitleTxt2TREASURER
IRS990/Form990PartVIISectionAGrp/TitleTxt3VICE CHAIRPERSON
IRS990/Form990PartVIISectionAGrp/TitleTxt4DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt5DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt6DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt7DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt8DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt9DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt10DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt11DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt12DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt13CEO/PRESIDENT/ASST. SECRETARY
IRS990/Form990PartVIISectionAGrp/TitleTxt14CREDO/ASSISTANT SECRETARY
IRS990/Form990PartVIISectionAGrp/TitleTxt15COO/ASSISTANT SECRETARY
IRS990/Form990PartVIISectionAGrp/TitleTxt16CFO/ASSISTANT SECRETARY
IRS990/Form990PartVIISectionAGrp/TitleTxt17ASSISTANT SECRETARY
IRS990/Form990PartVIISectionAGrp/TitleTxt18VP/CORPORATE COUNSEL & BROKER/ASST. SECRETARY
IRS990/Form990ProvidedToGvrnBodyInd00
IRS990/FormationYr01996
IRS990/FormerOfcrEmployeesListedInd00
IRS990/FSAuditedBasisGrp/ConsolidatedBasisFinclStmtInd0X
IRS990/FSAuditedInd01
IRS990/FundraisingActivitiesInd00
IRS990/GamingActivitiesInd00
IRS990/GoverningBodyVotingMembersCnt013
IRS990/GrantAmt0130000
IRS990/GrantsToDomesticOrgsGrp/ProgramServicesAmt0130000
IRS990/GrantsToDomesticOrgsGrp/TotalAmt0130000
IRS990/GrantsToIndividualsInd00
IRS990/GrantsToOrganizationsInd01
IRS990/GrantToRelatedPersonInd00
IRS990/GrossReceiptsAmt0181422
IRS990/GroupReturnForAffiliatesInd00
IRS990/IncludeFIN48FootnoteInd01
IRS990/IndependentAuditFinclStmtInd00
IRS990/IndependentVotingMemberCnt013
IRS990/IndivRcvdGreaterThan100KCnt00
IRS990/IndoorTanningServicesInd00
IRS990/InfoInScheduleOPartIIIInd0X
IRS990/InfoInScheduleOPartVIInd0X
IRS990/InfoInScheduleOPartXIIInd0X
IRS990/InvestmentIncomeGrp/ExclusionAmt01005
IRS990/InvestmentIncomeGrp/TotalRevenueColumnAmt01005
IRS990/InvestmentInJointVentureInd01
IRS990/InvestmentsProgramRelatedGrp/BOYAmt048075
IRS990/InvestmentsProgramRelatedGrp/EOYAmt047986
IRS990/IRPDocumentCnt00
IRS990/IRPDocumentW2GCnt00
IRS990/LegalDomicileStateCd0CA
IRS990/LoanOutstandingInd00
IRS990/LobbyingActivitiesInd00
IRS990/LocalChaptersInd00
IRS990/MaterialDiversionOrMisuseInd00
IRS990/MembersOrStockholdersInd00
IRS990/MethodOfAccountingAccrualInd0X
IRS990/MinutesOfCommitteesInd01
IRS990/MinutesOfGoverningBodyInd01
IRS990/MissionDesc0IN CONJUNCTION WITH RELATED ORGANIZATIONS, MP MEZES INC'S MISSION IS TO PROVIDE SAFE, AFFORDABLE HOUSING OF HIGH QUALITY TO THOSE IN NEED; TO ESTABLISH STABILITY AND OPPORTUNITY IN THE LIVES OF RESIDENTS; AND TO FOSTER DIVERSE COMMUNITIES THAT ALLOW PEOPLE FROM ALL ETHNIC, SOCIAL AND ECONOMIC BACKGROUNDS TO LIVE IN DIGNITY, HARMONY AND MUTUAL RESPECT.
IRS990/MoreThan5000KToIndividualsInd00
IRS990/MoreThan5000KToOrgInd00
IRS990/NetAssetsOrFundBalancesBOYAmt0-5685854
IRS990/NetAssetsOrFundBalancesEOYAmt0-5653491
IRS990/NetUnrelatedBusTxblIncmAmt00
IRS990/NoDonorRestrictionNetAssetsGrp/BOYAmt0-5685854
IRS990/NoDonorRestrictionNetAssetsGrp/EOYAmt0-5653491
IRS990/NondeductibleContributionsInd00
IRS990/OfficerMailingAddressInd00
IRS990/OperateHospitalInd00
IRS990/Organization501c3Ind0X
IRS990/OrganizationFollowsFASB117Ind0X
IRS990/OtherAssetsTotalGrp/BOYAmt01000
IRS990/OtherAssetsTotalGrp/EOYAmt01000
IRS990/OtherChangesInNetAssetsAmt00
IRS990/OtherExpensesGrp/Desc0LOSS FROM PARTNERSHIP
IRS990/OtherExpensesGrp/Desc1MISC. LIC TAX AND FEES
IRS990/OtherExpensesGrp/ProgramServicesAmt017179
IRS990/OtherExpensesGrp/ProgramServicesAmt175
IRS990/OtherExpensesGrp/TotalAmt017179
IRS990/OtherExpensesGrp/TotalAmt175
IRS990/OtherLiabilitiesGrp/BOYAmt05976253
IRS990/OtherLiabilitiesGrp/EOYAmt05994736
IRS990/OtherWebsiteInd0X
IRS990/PartialLiquidationInd00
IRS990/PayPremiumsPrsnlBnftCntrctInd00
IRS990/PoliticalCampaignActyInd00
IRS990/PrincipalOfficerNm0MATTHEW O FRANKLIN
IRS990/ProfessionalFundraisingInd00
IRS990/ProgramServiceRevenueGrp/BusinessCd0531390
IRS990/ProgramServiceRevenueGrp/BusinessCd1531390
IRS990/ProgramServiceRevenueGrp/Desc0PSHIP MANAGEMENT FEES
IRS990/ProgramServiceRevenueGrp/Desc1INCENTIVE FEES
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt097870
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt182547
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt097870
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt182547
IRS990/ProhibitedTaxShelterTransInd00
IRS990/PYBenefitsPaidToMembersAmt00
IRS990/PYContributionsGrantsAmt00
IRS990/PYExcessBenefitTransInd00
IRS990/PYGrantsAndSimilarPaidAmt0343000
IRS990/PYInvestmentIncomeAmt00
IRS990/PYOtherExpensesAmt0215760
IRS990/PYOtherRevenueAmt00
IRS990/PYProgramServiceRevenueAmt0231347
IRS990/PYRevenuesLessExpensesAmt0-327413
IRS990/PYSalariesCompEmpBnftPaidAmt00
IRS990/PYTotalExpensesAmt0558760
IRS990/PYTotalProfFndrsngExpnsAmt00
IRS990/PYTotalRevenueAmt0231347
IRS990/QuidProQuoContributionsInd00
IRS990/RcvFndsToPayPrsnlBnftCntrctInd00
IRS990/ReconcilationRevenueExpnssAmt032363
IRS990/RegularMonitoringEnfrcInd01
IRS990/RelatedEntityInd01
IRS990/RelatedOrganizationCtrlEntInd00
IRS990/ReportInvestmentsOtherSecInd00
IRS990/ReportLandBuildingEquipmentInd00
IRS990/ReportOtherAssetsInd00
IRS990/ReportOtherLiabilitiesInd01
IRS990/ReportProgramRelatedInvstInd01
IRS990/RevenueAmt0180417
IRS990ScheduleA/Form990SchASupportingOrgGrp/Contribution35ControlledInd00
IRS990ScheduleA/Form990SchASupportingOrgGrp/ContributionControllerInd00
IRS990ScheduleA/Form990SchASupportingOrgGrp/ContributionFamilyInd00
IRS990ScheduleA/Form990SchASupportingOrgGrp/ControlledDisqualifiedPrsnInd00
IRS990ScheduleA/Form990SchASupportingOrgGrp/DisqualifiedPrsnControllIntInd00
IRS990ScheduleA/Form990SchASupportingOrgGrp/DisqualifiedPrsnOwnrIntInd00
IRS990ScheduleA/Form990SchASupportingOrgGrp/ExcessBusinessHoldingsRulesInd00
IRS990ScheduleA/Form990SchASupportingOrgGrp/ListedByNameGoverningDocInd01
IRS990ScheduleA/Form990SchASupportingOrgGrp/LoanDisqualifiedPersonInd00
IRS990ScheduleA/Form990SchASupportingOrgGrp/OrganizationChangeSuprtOrgInd00
IRS990ScheduleA/Form990SchASupportingOrgGrp/PaymentSubstantialContribtrInd00
IRS990ScheduleA/Form990SchASupportingOrgGrp/SupportedOrgNotOrganizedUSInd00
IRS990ScheduleA/Form990SchASupportingOrgGrp/SupportedOrgSectionC456Ind00
IRS990ScheduleA/Form990SchASupportingOrgGrp/SupportNonSupportedOrgInd00
IRS990ScheduleA/Form990SchASupportingOrgGrp/SuprtOrgNoIRSDeterminationInd00
IRS990ScheduleA/Form990SchAType1SuprtOrgGrp/OperateBenefitNonSuprtOrgInd00
IRS990ScheduleA/Form990SchAType1SuprtOrgGrp/PowerAppointMajorityDirTrstInd01
IRS990ScheduleA/OtherSupportSumAmt00
IRS990ScheduleA/SupportedOrganizationsCnt01
IRS990ScheduleA/SupportedOrganizationsTotalCnt01
IRS990ScheduleA/SupportedOrgInformationGrp/EIN0237089977
IRS990ScheduleA/SupportedOrgInformationGrp/GoverningDocumentListedInd01
IRS990ScheduleA/SupportedOrgInformationGrp/OrganizationTypeCd010
IRS990ScheduleA/SupportedOrgInformationGrp/OtherSupportAmt00
IRS990ScheduleA/SupportedOrgInformationGrp/SupportAmt0147254
IRS990ScheduleA/SupportedOrgInformationGrp/SupportedOrganizationName/BusinessNameLine1Txt0MIDPEN HOUSING CORPORATION
IRS990ScheduleA/SupportingOrganization509a3Ind0X
IRS990ScheduleA/SupportingOrgType1Ind0X
IRS990ScheduleA/SupportSumAmt0147254
IRS990/ScheduleBRequiredInd00
IRS990ScheduleD/FootnoteTextInd0X
IRS990ScheduleD/InvstProgramRelatedOrgGrp/BookValueAmt047986
IRS990ScheduleD/InvstProgramRelatedOrgGrp/Desc0INVESTMENT IN MP SAN MATEO TRANSIT ASSOCIATES
IRS990ScheduleD/InvstProgramRelatedOrgGrp/MethodValuationCd0C
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt05994736
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0INVESTMENT IN MP LATHAM ASSOCIATES - DEFICIT BALANCE
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt0THE CORPORATION BELIEVES THAT IT HAS APPROPRIATE SUPPORT FOR ANY TAX POSITIONS TAKEN, AND AS SUCH, DOES NOT HAVE ANY UNCERTAIN TAX POSITIONS THAT ARE MATERIAL TO THE COMBINED FINANCIAL STATEMENTS OF MIDPEN HOUSING CORPORATION AND AFFILIATES. THE FEDERAL AND STATE INCOME TAX RETURNS FOR THE YEARS 2019 THROUGH 2022 ARE SUBJECT TO EXAMINATION BY REGULATORY AGENCIES, GENERALLY FOR THREE YEARS AND FOUR YEARS AFTER THEY WERE FILED FOR FEDERAL AND STATE, RESPECTIVELY.
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc0PART X, LINE 2:
IRS990ScheduleD/TotalBookValueLandBuildingsAmt00
IRS990ScheduleD/TotalBookValueProgramRltdAmt047986
IRS990ScheduleD/TotalLiabilityAmt05994736
IRS990ScheduleI/GrantRecordsMaintainedInd01
IRS990ScheduleI/RecipientTable/CashGrantAmt0130000
IRS990ScheduleI/RecipientTable/IRCSectionDesc0501(C)(3)
IRS990ScheduleI/RecipientTable/NonCashAssistanceAmt00
IRS990ScheduleI/RecipientTable/PurposeOfGrantTxt0TO SUPPORT THE AFFILIATE IN PROVIDING AFFORDABLE HOUSING.
IRS990ScheduleI/RecipientTable/RecipientBusinessName/BusinessNameLine1Txt0MIDPEN HOUSING CORPORATION
IRS990ScheduleI/RecipientTable/RecipientEIN0237089977
IRS990ScheduleI/RecipientTable/USAddress/AddressLine1Txt0303 VINTAGE PARK DRIVE SUITE 250
IRS990ScheduleI/RecipientTable/USAddress/CityNm0FOSTER CITY
IRS990ScheduleI/RecipientTable/USAddress/StateAbbreviationCd0CA
IRS990ScheduleI/RecipientTable/USAddress/ZIPCd094404
IRS990ScheduleI/RecipientTable/ValuationMethodUsedDesc0BOOK
IRS990ScheduleI/SupplementalInformationDetail/ExplanationTxt0THE ORGANIZATION MONITORS THE USE OF GRANT FUNDS AS PART OF ITS MONTHLY, QUARTERLY, AND ANNUAL FINANCIAL STATEMENT REVIEW PROCESS. IN ADDITION, RESTRICTIONS OF GRANTS ARE REVIEWED IN DETAIL AS PART OF THE ANNUAL EXTERNAL AUDIT PROCESS.
IRS990ScheduleI/SupplementalInformationDetail/FormAndLineReferenceDesc0PART I, LINE 2:
IRS990ScheduleI/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990 PAGE 10 PART IX LINE 1
IRS990ScheduleI/Total501c3OrgCnt01
IRS990ScheduleI/TotalOtherOrgCnt00
IRS990ScheduleJ/AnyNonFixedPaymentsInd00
IRS990ScheduleJ/CompBasedOnRevenueOfFlngOrgInd00
IRS990ScheduleJ/CompBsdNetEarnsFlngOrgInd00
IRS990ScheduleJ/CompBsdNetEarnsRltdOrgsInd00
IRS990ScheduleJ/CompBsdOnRevRelatedOrgsInd00
IRS990ScheduleJ/EquityBasedCompArrngmInd00
IRS990ScheduleJ/InitialContractExceptionInd00
IRS990/ScheduleJRequiredInd01
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BaseCompensationFilingOrgAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BaseCompensationFilingOrgAmt10
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BaseCompensationFilingOrgAmt20
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BaseCompensationFilingOrgAmt30
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BaseCompensationFilingOrgAmt40
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BaseCompensationFilingOrgAmt50
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BonusFilingOrganizationAmount00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BonusFilingOrganizationAmount10
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BonusFilingOrganizationAmount20

Document Assets

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Filings

Displayed year

2023 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$343,050
Liabilities
$5,996,541
Net assets
-$5,653,491
Revenue
$181,422
Expenses
$149,059
Net income
$32,363
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$0.39$5.91$5.52$0.30$0.17$0.13
2023Detailed filing. Detailed filing data is available for this year.$0.34$6.00$5.65$0.18$0.15$0.03
2023Summary only. Only limited summary data is available for this year.$0.34$6.00$5.65$0.18$0.15$0.03
2022Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.29$5.98$5.69$0.23$0.56$0.33
2021Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.40$5.76$5.36$0.34$0.98$0.64
2020Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.33$5.05$4.72$0.28$6.42$6.14
2019XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$1.42$0.00$1.42$2.57$0.12$2.45
2018XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$0.99$2.02$1.03$0.11$0.32$0.21
2017XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$1.20$2.02$0.82$0.33$0.14$0.19
2016XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$1.01$2.02$1.01$0.15$2.14$1.98
2015Detailed filing. Detailed filing data is available for this year.$0.98$0.00$0.98$0.11$0.13$0.02
2014Detailed filing. Detailed filing data is available for this year.$1.00$0.00$1.00$0.11$0.07$0.04
2013Detailed filing. Detailed filing data is available for this year.$0.96$0.00$0.96$0.10$0.08$0.01
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$1.14$0.19$0.95$0.00
2011Summary only. Only limited summary data is available for this year.$0.98$0.15$0.84$0.11$0.00$0.11
2010Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.99$0.26$0.73$0.00